One thing we do know is that this will not last forever
We have seen that the companies in the tourism industry have been supportive as much as they could be to their teams, providing profit protection plans, business continuity plans, and other useful guidance’s.
While the problem is outside of the industry’s boundaries, business professionals need to be determined to tackle these issues, which have an unpredictable expansion level. Under an emergency situation, we have to stand up for the business continuity.
Now is not time to slow down. It is time to go full speed ahead with your teams: keep planning in the short, medium, and long term. Of course, saving the bottom line and meeting your cash flows should be a priority, but not the only one. We recommend identifying potential opportunities to improve revenues and reduce operating costs, at the same time we encourage you to contact experts to assist with any advice. Your operations could benefit from a tailor-made action plan to protect the profit, don’t hesitate to reach out for outside support.
It is hard to predict what will happen next. However, we can already see the end of the tunnel in China. If we apply simple measures, we can make a difference and save lives.